Parks! America unit Aggieland-Parks refinances USD 2.33 million term loan with Cendera Bank

PARKS AMERICA INC

PARKS AMERICA INC

PRKA

0.00
  • Aggieland-Parks, a Parks! America unit, completed a refinancing with Cendera Bank on June 17, 2026.
  • Modified term loan carries USD 2.33 million principal, matures June 1, 2033; seven-year term with 25-year amortization.
  • Pricing starts at CME 1-month term SOFR + 2.7%, or 6.34% initially; swap converts payments to a 6.99% fixed rate.
  • Refinancing removed a USD 2.5 million cash-collateral reserve requirement tied to the original September 2024 term loan.
  • Loan secured by substantially all Aggieland-Parks assets; Parks! America guarantee requires minimum 1.2x trailing 12-month debt service coverage.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parks! America Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-029952), on June 24, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.